Web-based digital currency Bitcoin has passed $1,110 for the first time on the Bitstamp Price Index (BPI) since early November 2013. Bitcoin broke the barrier on 1 January and now is trading above $1.150 mark at the time of writing. Bitcoin’s outstanding performance this year has been driven by a lack of supply of cash in India, where its Prime Minister removed high-denomination banknotes from circulation at the beginning of November 2016. Market watchers have suggested that the value of Bitcoin may have been boosted in the past year by increased demand in China.
Source: https://thehackernews.com/2017/01/bitcoin-price.html